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AUSTIN, Texas — Teres Solutions said its automated lending platforms are now integrated with the member support center operated by Lending Solutions Inc.The integration allows LSI loan officers to provide 24/7 outsourced underwriting support to the 198 credit unions and other financial services providers that use Teres’ SAIL solutions for direct and indirect lending.The SAIL platform can provide automated decisions on a certain percentage of applications, but the balance of these loans must be underwritten manually. Now, a specialist at LSI can be notified of a pending application in the system and provide a decision on the application within minutes.LSI’s own lending platform also now interfaces with the SAIL platform, enabling the transmittal of applications directly to a credit union’s system, the companies said.“By responding to these indirect applications immediately, the member is taken ‘off the market’ and the credit union secures more loan business from the dealer,” said Jeff Frantz, senior vice president of corporate development at LSI, which serves more than 300 credit unions and other lenders from its headquarters in Elgin, Ill.“It’s a simple and elegant solution to the increasingly complex lending underwriting process,” said Tim Kelly, CEO of Teres Solutions in Austin.–mrapport@cutimes.com

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